Alaska Air Likely To Report Lower Q3 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

Alaska Air Group, Inc. ALK is expected to release financial results for its third quarter, before the opening bell on Oct. 19, 2023.

Analysts expect the company to post quarterly earnings at $1.86 per share, down from year-ago earnings of $2.53 per share. The company’s revenue might come in at $2.87 billion, compared to $2.82 billion in the year-ago period.

Alaska Air shares fell 5.2% to close at $32.66 on Wednesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Susquehanna analyst Christopher Danely maintained a Positive rating and cut the price target from $58 to $41 on Oct. 11, 2023. This analyst has an accuracy rate of 78%.
• Raymond James analyst Savanthi Syth maintained a Strong Buy rating and lowered the price target from $75 to $58 on Oct. 5, 2023. This analyst has an accuracy rate of 64%.
• Barclays analyst Brandon Oglenski maintained an Overweight rating and cut the price target from $66 to $62 on July 26, 2023. This analyst has an accuracy rate of 60%.
• JP Morgan analyst Jamie Baker maintained an Overweight rating and slashed the price target from $91 to $70 on May 8, 2023. This analyst has an accuracy rate of 62%.

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